DST Global, private equity firm run by Yuri Milner, has closed $1 billion fund DST Global 2 to invest in later-stage internet companies, according to Bloomberg. The money came from both institutional and private investors.
DST Global invested in online music service Spotify, online retailer 360buy.com and coupon business Groupon.
Yuri Milner was recently named to the Forbes Midas List. DST previously invested in Facebook, Zynga and Mail.ru Group. In November 2010, Mail.ru Group completed $1 billion IPO in London.